Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/33248| Title: | A real-time measure of business conditions in Malta |
| Authors: | Ellul, Reuben |
| Keywords: | Business cycles -- Malta Economic conditions -- Malta Economic indicators -- Malta Economic forecasting -- Malta |
| Issue Date: | 2016 |
| Publisher: | Central Bank of Malta |
| Citation: | Ellul, R. (2016). A real-time measure of business conditions in Malta. Central Bank of Malta WP/04/2016. |
| Abstract: | This paper outlines the structure for a high frequency measure of economic activity in Malta, with the ability of identifying turning points and changes in activity in real time. An array of flow and stock data is applied, measured at mixed frequencies. A dynamic factor model then filters the data and constructs a high frequency business conditions index (BCI). The framework is based on a study by Aruoba, Diebold and Scotti (2009). In this paper, their prototype example is extended to include extra monthly variables. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/33248 |
| Appears in Collections: | 2016 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| A_real-time_measure_of_business_conditions_in_Malta_2016.pdf | 1.25 MB | Adobe PDF | View/Open |
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